Which of the Following Is Least Likely to Be a Competitive

question 47

Multiple Choice

Which of the following is least likely to be a competitive or economic force in the marketing environment?

• A)The purchasing power of people in a geographic market
• B)The rate of unemployment in a country
• C)The laws related to employment in a country
• D)The level of inflation in a country
• E)The per capita income in a less developed nation

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Definitions:

Direct Labor

Refers to the wages and benefits of employees who are directly involved in the production of goods.

Machine Hours

The total number of hours that machinery operates during a specific period for manufacturing or production processes.

Raw Materials

Raw materials are the basic, unprocessed inputs used in the manufacture of products.

Charged

Charged refers to recording or incurring an expense or cost against a company's accounts or to the process of loading a financial obligation onto a financial account.